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Provedor de dados:  AgEcon
País:  United States
Título:  Multi-Output Broadacre Agricultural Production: Estimating A Cost Function Using Quasi-Micro Farm Level Data From Australia
Autores:  Nguyen, Duong T.M.
McLaren, Keith Robert
Zhao, Xueyan
Data:  2008-05-09
Ano:  2008
Palavras-chave:  Production Economics
Research Methods/ Statistical Methods
Resumo:  Existing econometric models for Australian broadacre agricultural production are few and have become dated. This paper estimates a multi-product restricted cost function using a unique quasi-micro farm level dataset from the Australian Agricultural and Grazing Industries Survey. Both the transcendental logarithmic and normalized quadratic functional forms are employed. Heteroskedasticity caused by the particular nature of the quasi-micro data is also assessed and accommodated. Allen partial elasticities of input substitution and own-and cross-price input demand elasticities are computed. The estimated demands for most production factors are inelastic to prices. Hired labour is responsive to own price and cropping input prices.
Tipo:  Conference Paper or Presentation
Idioma:  Inglês
Identificador:  29738
Relação:  Australian Agricultural and Resource Economics Society - 2008>2008 Conference (52nd), February 5-8, 2008, Canberra, Australia
Conference Paper
Formato:  41

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